BP Sanctions Satellite Cluster Project Offshore India
19 April 2018 - 7:02PM
Dow Jones News
By Oliver Griffin
BP PLC (BP.LN) said Thursday that it has sanctioned the
Satellite cluster project in Block KGD6, offshore India, with
Reliance Industries Ltd. (500325.BY).
The oil-and-gas company said the Satellite cluster is the second
of three projects on Block KGD6, which is 30% owned by BP.
The first of the three projects was sanctioned in 2017,
according to BP, which said that combined, the projects will
develop a total of about 3 trillion cubic feet of gas reserves,
with a total investment of $6 billion.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
April 19, 2018 04:47 ET (08:47 GMT)
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